🔥Burning Mechanism

Understanding Runeshard's Dust Burning Mechanism

We're committed to maintaining a balanced and sustainable ecosystem for our community. Our Token Burning Mechanism plays a crucial role in achieving this goal, ensuring that the circulation supply of our tokens remains in equilibrium while adding value to our ecosystem.

1. Runeshard Minting and Token Crafting

During the Runeshard minting process, the total supply of Runeshards is fixed at 10,000. Each of these Runeshards grants its owner the ability to craft Runeshard Dust, comprising 50% of the total token supply. However, should a portion of the Runeshards remain unminted, the equivalent amount of Runeshard Dust will be burned to maintain the crafting equilibrium. This mechanism ensures that the crafting process remains balanced, regardless of the number of Runeshards minted.

2. Royalties and Secondary Sales

Runeshard creators receive a 2.5% royalty fee on secondary sales of Runeshards. These royalties serve a dual purpose: supporting the creators while also contributing to the sustainability of our ecosystem. The royalties collected are used to buy back Runeshard Dust from the market. Subsequently, these tokens are burned, effectively reducing the total circulation supply. By implementing this mechanism, we ensure that our ecosystem continues to evolve and thrive, with a decreasing total supply over time.

3. Stay Tuned for Further Developments

As we continue to evolve and grow, Runeshard remains committed to transparency and innovation. Stay tuned for further announcements and updates regarding our Burning Mechanism and other initiatives.